Are These 8 Technology Stocks Value Plays?

There’s been some recent chatter amongst financial bloggers that certain popular tech stocks have become value plays.  The companies most frequently cited are Apple, Inc. (NASDAQ:AAPL), Google, Inc. (NASDAQ:GOOG), Sandisk (NASDAQ:SNDK), Research in Motion (NASDAQ:RIMM), Intel Corp. (NASDAQ:INTC), Cisco (NASDAQ:CSCO), Dell (NASDAQ:DELL), and Microsoft (NASDAQ:MSFT).  How true are these contentions?  Following is a quick look at these companies’ valuation metrics.  What do you think?  Are these value plays?

1) Apple, Inc.Its trailing price-to-earnings ratio is 16.82, its forward price-to-earnings ratio is 12.52, its price-to-earnings growth ratio is 0.7, its price-to-sales ratio is 3.73, and its price-to-book ratio is 5.31. About the company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions.  The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, its third-party wholesalers, and resellers.  Its competitors include: Hewlett-Packard Company (NYSE:HPQ), Dell, Inc. (NASDAQ:DELL), Google, Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), Lenovo Group Limited (LNVGY), Adobe Systems Incorporated (NASDAQ:ADBE), IBM (NYSE:IBM), Intel Corporation (NASDAQ:INTC), Super Micro Computers (NASDAQ:SMCI), and Verizon Communications (NYSE:VZ).

2) Google: Its trailing price-to-earnings ratio is 19.31, its forward price-to-earnings ratio is 13.3, its price-to-earnings growth ratio is 0.87, its price-to-sales ratio is 5.42, and its price-t0-book ratio is 3.42.About the company: Google, Inc. is a global technology company that provides a web based search engine through its website.  The Company offers a wide range of search of options, including web, image, groups, directory, and news searches.  Its competitors include: Microsoft Corporation (NASDAQ:MSFT), Yahoo! Inc. (NASDAQ:YHOO), Apple, Inc. (NASDAQ:AAPL), Baidu.com, Inc. (NASDAQ:BIDU), AOL, Inc. (NYSE:AOL), Amazon.com, Inc. (NASDAQ:AMZN), Demand Media, Inc. (DMD), Adobe Systems Incorporated (NASDAQ:ADBE), IAC/InterActiveCorp (NASDAQ:IACI), and Answers Corporation (NASDAQ:ANSW).

3) Sandisk: Its trailing price-to-earnings ratio is 9.13, its forward price-to-earnings ratio is 11.19, its price-t0-earnings growth ratio is 0.90, its price-t0-sales ratio is 2.44, and its price-to-book ratio is 2.04. About the company: SanDisk Corporation supplies flash data storage products.  The Company designs, manufactures, and markets industry-standard, solid-state data, digital imaging, and audio storage products using its patented, high-density flash memory and controller technology.  Its competitors include: Western Digital Corp. (NYSE:WDC), STEC, Inc. (NASDAQ:STEC), Seagate Technology PLC (NASDAQ:STX), OCZ Technology Group Inc. (NASDAQ:OCZ), Micron Technology, Inc. (NASDAQ:MU), EMC Corporation (NYSE:EMC), Imation Corp. (NYSE:IMN), Quantum Corporation (NYSE:QTM), Hutchinson Technology (NASDAQ:HTCH), and Apple Inc. (NASDAQ:AAPL).

4) Research in Motion:  Its trailing price-to-earnings ratio is 8.49, its forward price-to-earnings ratio is 7.15, its price-to-earnings growth ratio is 0.45, its price-to-sales ratio is 1.4, and its price-to-book ratio is 3.12. About the company:  Research in Motion Limited designs, manufactures, and markets wireless solutions for the worldwide mobile communications market.  The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications.  Its competitors include Nokia Corporation (NYSE:NOK), Motorola Mobility Holdings (NYSE:MMI), Apple, Inc. (NASDAQ:AAPL), Google, Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Hewlett-Packard Company (NYSE:HPQ), Motorola Solutions, Inc. (NYSE:MSI), and Sierra Wireless, Inc. (NASDAQ:SWIR).

5) Intel: Its trailing price-to-earnings ratio is 10.96, its forward price-to-earnings ratio is 10.10, its price-to-earnings growth ratio is 0.84, its price-t0-sales ratio is 2.76, and its price-to-book ratio is 2.45.   Intel Corporation designs, manufactures, and sells computer components and related products.  The Company’s major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, videoconferencing products, and digital imaging products.  Its competitors include: Advcanced Micro Devices (NYSE:AMD), Texas Instruments, Inc. (NYSE:TXN), IBM (NYSE:IBM), Microsoft Corporation (NASDAQ:MSFT), Apple, Inc. (NASDAQ:AAPL), NVIDIA Corporation (NASDAQ:NVDA), Oracle Corporation (NASDAQ:ORCL), Broadcom Corporation (NASDAQ:BRCM), Micron Technology, Inc. (NASDAQ:MU), and ARM Holdings plc (NASDAQ:ARMH).

6) Cisco: Its trailing price-to-earnings ratio is 13.09, its forward price-to-earnings ratio is 9.84, its price-to-earnings growth ratio is 1.03, its price-to-sales ratio is 2.23, and its price-to-book ratio is 2.07.  About the company:  Cisco Systems, Inc. supplies data networking products for the Internet.  The Company’s Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunications companies worldwide.  The Company’s solutions transport data, voice, and video within buildings, across campuses, and around the world.  Its competitors include: Hewlett-Packard Company (NYSE:HPQ), Juniper Networks, Inc. (NYSE:JNPR), Alcatel-Lucent (NYSE:ALU), Microsoft Corporation (NASDAQ:MSFT), IBM (NYSE:IBM), Extreme Networks, Inc. (NASDAQ:EXTR), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Motorola Mobility Holdings (NYSE:MMI), NetGear, Inc. (NASDAQ:NTGR), and ADTRAN, Inc. (NASDAQ:ADTN).

7) Dell: Its trailing price-to-earnings ratio is 11.43, its forward price-to-earnings ratio is 8.77, its price-to-earnings growth ratio is 1.95, its price-to-sales ratio is 0.48, and its price-to-book ratio is 3.8. About the company:  Dell, Inc. offers a wide range of computers and related products.  The Company sells personal computers, servers and networking products, storage systems, mobility products, software and peripherals, and services.  Dell serves consumers and businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region.  Its competitors include: Hewlett-Packard Company (NYSE:HPQ), Apple Inc. (NASDAQ:AAPL), Silicon Graphics International (NASDAQ:SGI), Super Micro Computer (NASDAQ:SMCI), Lenovo Group Limited (LNVGY), IBM (NYSE:IBM), Cray Inc. (NASDAQ:CRAY), EMC Corporation (NYSE:EMC), Microsoft Corporation (NASDAQ:MSFT), and Intel Corporation (NASDAQ:INTC).

8) Microsoft: Its trailing price-to-earnings ratio is 11.08, its forward price-to-earnings ratio is 9.41, its price-to-earnings growth ratio is 0.97, its price-to-sales ratio is 3.23, and its price-to-book ratio is 4.44.  About the company: Microsoft Corporation develops, manufactures, licenses, sells, and supports software products.  The Company offers operating system software, server application software, business and consumer applications software, software development tools, and Internet and intranet software.  Microsoft also develops video game console and digital music entertainment devices.  Its competitors include: Google, Inc. (NASDAQ:GOOG), Novell, Inc. (NASDAQ:NOVL), Oracle Corporation (NASDAQ:ORCL), IBM (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), Yahoo! Inc. (NASDAQ:YHOO), Apple, Inc. (NASDAQ:AAPL), Adobe Systems Inc. (NASDAQ:ADBE), Intel Corporation (NASDAQ:INTC), and Sony Corporation (NYSE:SNE).

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